Western Industries Corporation
How we got $90.0M
Based on its 242 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 20% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 242 | $187.0M |
| 2020 | Form 5500 | 118 | $91.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WESTERN INDUSTRIES CORPORATION this business | $211.3M | — |
| L& O PUMP & SUPPLY INC. Oklahoma City · 14 employees | $12.7M | 1.0 mi |
| BIG CHIEF PIPE SUPPLY INC Oklahoma City · 5 employees | $3.8M | 1.3 mi |
| RICHART DISTRIBUTORS INC. Oklahoma City · 13 employees | $19.6M | 1.4 mi |
| RICHARDT DISTRIBUTORS INC Oklahoma City · 13 employees | $19.7M | 1.4 mi |
| FLUID END SALES INC. Oklahoma City · 12 employees | $11.4M | 1.4 mi |
| L AND L ENGINE AND COMPRESSOR SERVICE Oklahoma City · 13 employees | $9.1M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 242 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $205.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $167.0M |
| Estimate: the two combined (geometric mean) | $211.3M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $12.7M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $90.0M |
| Multiple for this size and industry | 7.1× |
| Value range | $47.4M – $123.2M |
| Revenue range | $139.0M – $240.9M |
| EBITDA range | $8.3M – $14.5M |
| Industry (NAICS) | Industrial Supplies Merchant Wholesalers (423840) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $2.4M | 242 |
2 locations
| 5500 South Hattie Ave | Oklahoma City | This listing |
| 4249 SW 29th St | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Western Industries Corporation
Western Industries Corporation is an industrial supplies merchant wholesalers company in Oklahoma City, Oklahoma, in business since 2002. It is owned by James P Robertson (President). Its estimated annual revenue is about $211.3M, with roughly $12.7M of EBITDA. It has about 118 employees. Its estimated business value is $90.0M (likely range $47.4M–$123.2M). It has 2 locations.
Common questions
- Who owns Western Industries Corporation?
- Western Industries Corporation is owned by James P Robertson (President), according to public sources such as the company's website or filings.
- How much revenue does Western Industries Corporation make?
- SeeBITDA estimates Western Industries Corporation's annual revenue at about $211.3M (likely between $139.0M and $240.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Western Industries Corporation worth?
- About $90.0M, roughly 7.1× its estimated EBITDA of $12.7M, typical for a industrial supplies merchant wholesalers company its size. Likely range: $47.4M–$123.2M.
- How many employees does Western Industries Corporation have?
- About 118, from its 2020 retirement-plan filing.
- When was Western Industries Corporation founded?
- Western Industries Corporation has been in business since 2002.